Southside Family Charter School

Analysis

Southside Family Charter School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southside Family Charter School reported income of $2.1m and spending of $2.3m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $2.1m (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southside Family Charter School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Village Improvement Assoc of West Haven ($2.1m), Southern Maine Community College Foundation ($2.1m) and Golden Oak Manor Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $137k (5.9% of expenses). Other salaries and wages came to $979k. At year end it held assets of $955k against liabilities of $1.7m, net assets of -$754k. It reported 49 employees.